Barclays analyst Benjamin Theurer lowered the firm’s price target on Pilgrim’s Pride (PPC) to $45 from $49 and keeps an Equal Weight rating on the shares as part of a 2026 outlook for the Americas agribusiness group. The firm expects agriculture markets to see mixed results in 2026. It favors seed over crude protein and is neutral to positive on fertilizer. Within grain traders, Barclays says biofuel policy will determine the direction, while in protein, 2026 is likely a continuation of 2025.
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